The General Motors assembly plant in Ecuador produces 51% of the cars assembled in the country, primarily the Chevrolet D-Max. The closure of the General Motors car assembly plant in Ecuador, GM OBB, scheduled for August 2024, is a hard blow for the national industry, which in the last decade has experienced a drastic reduction in its participation in total car sales. Of the 21,789 vehicles assembled by the national industry in 2023, 51% corresponds to GM OBB, with its D-Max truck from the Chevrolet brand being the best-selling model in the country. General Motors announced on April 26, 2024,...
The victim had been planning to return to the United States in October.
Let me start by saying that if you are a regular reader of this column, you have obviously gleaned from my writing that I am a huge supporter of Ecuador’s President, Daniel Noboa. I think that he was exactly the person that Ecuador needed to take it forward—a young, short on tenure politician who came […]
The General Motors plant in Ecuador (GM OBB) currently assembles models like the D-Max truck, Ecuador’s top-selling vehicle. General Motors (GM) announced on April 26, 2024, its decision to discontinue Chevrolet vehicle assembly in Ecuador, effective August of this year. From September onward, all Chevrolet models will be imported into Ecuador from countries including Brazil, the United States, and China, depending on the model. The company’s assembly operations in Ecuador, which include the popular Chevrolet D-Max truck, constitute a significant portion of the country’s automotive market, with Chevrolet holding a 19% market share in the first quarter of 2024, according...
The latest changes in the ministerial cabinet have placed the security and energy crises in the hands of Ministers Mónica Palencia, Michele Contugi, and Roberto Luque, along with the future of reforms stemming from the popular consultation.
The Municipality of Cuenca recently made headlines with its acquisition of an armored vehicle for the exclusive use of Mayor Christian Zamora. The purchase, costing approximately $180,000, has stirred up a storm of controversy and raised questions about the allocation of public funds.
Roberto Luque visited each generation plant to assess which equipment was inoperative. Minister Roberto Luque, head of Transportation and Public Works, who now also oversees the Energy portfolio, arrived at Termogas Machala (TM) on Saturday, April 27th, to inspect the equipment of a contract completed in 2015. This includes a steam turbine capable of generating 100 megawatts, along with three others generating 65, 65, and 77 megawatts. However, he found that “today only one is operating at 42 megawatts, supplying gas from the Amistad field.” There is space for seven TM machines, each capable of generating 20 megawatts, but currently,...
Update to: The contribution of hydroelectric plants is declining, and Colombia is reducing electricity sales to Ecuador Published: Volume 8, Issue 27 Ecuador and Colombia reestablished their power line, after a day of the connection being cut by the government of the neighboring country. This was announced by the Ministry of Energy, through its official […]
Update to: Country risk falls more than 900 points so far in 2024 Published: Volume 8, Issue 29 Following the news of Ecuador’s technical agreement with the International Monetary Fund (IMF), the country’s risk fell by 40 points, bringing the indicator to 1,119 points on April 25, 2024, down from 1,159 points on April 24. […]
The Assembly must approve reforms to the Comprehensive Organic Criminal Code, to the Asset Forfeiture Law, and another to regulate the cooperation of the Armed Forces. With a resounding “Yes” vote on the referendum and popular consultation that took place this Sunday, April 21, 2024, the constitutional and legal reforms proposed therein will come into force at different times. Some immediately, and others in at least 65 days. Deadlines count from the publication of the results in the Official Registry. All but two of the questions posed to Ecuador’s citizens received a “YES” vote; voters turned down the question (D)...